Loan Programs > Commercial Real Estate > Freddie Mac SBL

Freddie Mac SBL

Get the attention and follow-through you deserve for your multifamily deal, from a top agency lender who specializes in small balance. 


We offer small balance loans from $1 million to $7.5 million with both fixed- and hybrid-rate structures, and we take pride in delivering quick closings backed by flexibility and common-sense underwriting.

Freddie Mac SBL for Multifamily Properties

Ready Capital is an approved, top Freddie Mac Optigo™® lender. If agency lending is the best match for your multifamily acquisition, refinance, or recapitalization, we are your single source. Our Small Balance Loan (SBL) program operates nationwide, with fast answers, superior process transparency, and results you can count on.

Loan Terms

Loan Purpose Acquisition; refinance; recapitalization
Loan Amount $1 million to $7.5 million
Loan Term 5 years to 20 years
Rate Type Floating (SOFR-based)
Closing Timeline 30-45 days
Fees None (par to lender)
DSCR/Debt Yield 1.20x Top Market
1.25x Standard Market
1.30x Small Market
1.40x Very Small Market
Amortization 30 years; partial & full-term interest only (IO) available
Future Advances n/a
Earnouts n/a
Escrow RE Taxes if LTV > 65%; Reserves if >50 units
Principal Recourse Non-recourse with standard carve-outs
Prepayment Multiple stepdown options; yield maintenance
SBL n/a
Legal Fees Generally $7,500 or less per loan

Recent transactions

We consider the full range of value-add strategies and deliver structured finance solutions backed by experienced CRE lending professionals.

Nationwide lending at its best

Our team of professionals have deep industry expertise, offering brokers and sponsors commercial real estate know-how and confidence through all markets and credit cycles. ​

Get a Freddie Mac SBL quote

We'll need just a few details about you and your property to get you an accurate loan estimate.